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Welife Technology Limited ( (HK:1703) ) has issued an update.
Welife Technology Limited announced corrections to its unaudited interim results for the six months ended 30 September 2024, highlighting significant post-reporting period events. The company disclosed the disposal of its subsidiaries, Eternal Grand Group and Global Gourmet Group, to independent third parties, as well as ongoing litigations related to unpaid bonds and professional fees. A settlement was reached regarding a winding-up petition, resulting in a litigation loss of approximately HK$13,804,000 for the year ended 31 March 2024, and the petition was subsequently dismissed by the High Court of Hong Kong.
More about Welife Technology Limited
Welife Technology Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It is listed on the Hong Kong Stock Exchange under the stock code 1703.
YTD Price Performance: -4.00%
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$55.2M
For an in-depth examination of 1703 stock, go to TipRanks’ Stock Analysis page.